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Despite an initially positive reaction from the market following its financial results yesterday, stock in United Business Media (UBM) had begun to fall this morning, down by 22½p to 726p by 1:00pm. Strong profits in a fairly cautious statement pushed demand for UBM shares up in the first instance, but a mixed broker and press… Continue reading United Business Media Financial Results: Reaction

An email questionnaire undertaken for last night’s Media Question Time revealed that 70% of the media professionals who responded felt that it would be more beneficial to advertisers if ITV’s nightly news bulletin went out at 10pm rather than 11pm.On the subject of the possible consolidation between ITV giants Granada and Carlton, for which last… Continue reading Industry Thinks News At Ten, Not Eleven, Best For Advertisers, Says Survey

Scottish Media Group (SMG) reported record pre-tax profits in its preliminary full year results today. Its performance during 2000 was in line with analyst expectations, with an 18% increase in profit before tax, which reached £59m.SMG chairman, Don Cruickshank, described the year to 31 December as “a period of significant development for the group.” and… Continue reading SMG Reports Record Pre-Tax Profits, Looks To Future Opportunities

Jazz FM announced a pre-tax profit for the first time in interim results yesterday (see Jazz FM Sees First Ever Pre-Tax Profit In Interim Results). The market was unmoved, however, and shares in the radio station remained at £1.72½.WPP was boosted by a £9.15 target price set by brokers Credit Suisse First Boston. Shares jumped… Continue reading Sharewatch

Scottish Media Group (SMG) reported record pre-tax profits in its preliminary full year results today. Its performance during 2000 was in line with analyst expectations, with an 18% increase in profit before tax, which reached £59m. SMG chairman, Don Cruickshank, described the year to 31 December as “a period of significant development for the group.”… Continue reading SMG Reports Record Pre-Tax Profits As SRH Stake Increases

United Business Media (UBM) has this morning turned in an 11.4% rise in headline profit to £342.4 million for 2000. The market reacted very positively to the results with shares up by 35½p at 765p by midday today. The 11.4% profit growth at UBM is taken before the cost of new media initiatives which ran… Continue reading UBM Shares Surge On Strong Profits

Forrester forecast that worldwide Net commerce, both B2B and B2C, will hit $6,789.8 million in 2004 according to latest figures, this figure represents 8.6% of total revenue gained through sales. Whilst North America will continue to dominate during this period of growth, other markets such as Western Europe will start to catch up as a… Continue reading Worldwide e-commerce Forecasts From Forrester

Tempus, the advertising and media communications group, yesterday announced record financial results and business wins for 2000 and said that it felt it had reorganised its operations to become the agency of the future (see Tempus Announces Record Results And Repositions As ‘The Agency Of The Future’). The Independent reckons that there are two things… Continue reading Tempus Group Financial Results – Reaction

‘Will the continued fragmentation of media make it impossible to launch a new mass market brand in 20 years time?’, last night’s Media Question Time panel was asked. After a little rumination between the panel and the audience, Guardian assistant editor Emily Bell piped up with, “Fragmentation, my arse.”Bell then pointed out that online retail… Continue reading ‘The Opportunity For Mass Brands Has Never Been Better,’ Says Billett

When asked whether it matters what time that news is on ITV at Media Question Time last night, a panel of key media industry figures was unanimous in denouncing the Independent Television Commission’s decision to force ITV to move the news back to 10pm.Speaking to the BBC Radio Theatre audience, C5 marketing director Jim Hytner… Continue reading Media Panel Denounces ITC’s Handling Of The News At Ten Affair